[TFIP-21] Proposal for Akemona Technologies to Provide Core Product and Business Development for TrueFi

Please refer to the proposal TFIP-21.

Summary

As the RWA market continues to expand and become more competitive, TrueFi has an opportunity to leverage its existing market-leading Protocol & technology stack with its new governance structure to revitalize its product offerings to attract new lenders, borrowers, and issuers to the Protocol. This proposal is a plan for the TrueFi Foundation and Community to bring on Akemona Technologies team as TrueFi’s new core product and business development team. Akemona would take the lead on the following roles Mr. Vandy enumerated in TFIP-19:

“5. Day-to-day website user interface (“UI”) and user experience (“UX”) tech managers 6. Smart contract maintenance 7. New product development from a technology standpoint 8. New product or counterparts liaison specialist”

Akemona's proposed 7-month budget, through the end of Q1 2025, is USD 448,000 (see the itemization at the end of TFIP-21), paid out monthly in the form of USD 54,000 in USDC and USD 10,000 in TRU tokens.

Akemona's offer includes services for items #5 to #8 from TFIP-19 stated above, which will be covered by Ravi Srivastava and Brady Matthews. Akemona can bring in additional staff if needed. As described below Akemona has included the enhancement of the TrueFi platform and protocol with the Akemona platform in this proposal.

Further items #5 to #8 from TFIP-19 are high-level descriptions. The Akemona team will make an assessment and add more details to the description of these activities to measure the level of effort required and derive suitable KPIs.

There will be quarterly reviews with the Board and Community via the TrueFi Forum to evaluate KPI performance under our engagement. If we’ve satisfactorily met or exceeded our KPIs, then our relationship should automatically extend for an additional 6 months with new KPIs mutually agreed to by Akemona, the Board, and the Community. In this constantly evolving market, long-term engagements are not nimble enough to adapt to new market developments and the needs of the Protocol.

Background and Rationale

TrueFi is DeFi-centric and while the expertise of Akemona is on the TradFi side, lessons learned will easily carry over to DeFi and enhance the experience. Akemona’s expertise in TradFi complements TrueFi’s focus on DeFi. By leveraging Akemona’s institutional knowledge and proven smart-contract development, the experience from the TradFi world will enhance TrueFi’s DeFi and make the system safer while preserving its open and innovative nature. This collaboration with Akemona enables TrueFi to bridge the gap between traditional and decentralized finance without compromising the core principles of DeFi.

TrueFi has a successful record of making credit more accessible, transparent, and programmable by bringing debt infrastructure onchain. TrueFi has strong brand recognition across the crypto community. Akemona has developed a regulatory-compliant platform for the issuance of tokenized bonds, which TrueFi can leverage through its marketing outreach in the community. Using the Akemona platform, TrueFi is well-positioned to develop new lines of credit (LOC) products, which leverage the efficiency of blockchain technology and lower the cost of capital. Akemona and TrueFi partnership has the potential to position TrueFi to enter the institutional capital market in the United States and across the world.